US bosses now earn 312 times the average worker's wage, figures show

[atyclb]

3 minutes ago, Chomper Higgot said:

Because you can’t imagine that the alternative is not Venezuela.

 

3 minutes ago, Chomper Higgot said:

8 minutes ago, atyclb said:

i think venezuelas socialism is doing outstandingly well

Because you can’t imagine that the alternative is not Venezuela.

 

shucks i have no imagination

 

so why is the situation in venezuela under socialism so dire?

[Chomper Higgot]

14 hours ago, rickudon said:

Pay equality in the UK is little better than the USA. Last year median pay of CEO's increased by 11%, that for all workers by 1.7%. Between 2000 and 2014, pay of CEO's rose 6 times faster than their employees. This disgraceful increase in inequality took place while most workers saw pay increases below the inflation rate in the UK. And the productivity in the UK has hardly been impressive, the rich just keep increasing their cut.

 

Change is coming in the UK. And those at the top will not like it. Or the big companies.

The causes are the same, the UK adopting the US economic model, enslaving worker’s with debt, recognizing corporations as ‘citizens’ with the same rights as fleas and blood citizens and restrictions on workers rights/unions.

 

Don’t hope for things to improve. The UK government have made it very clear they see deregulation as a Brexit bonus.

 

The British working class have backed the rightwing and big money interests behind Brexit.

 

 

[Chomper Higgot]

9 minutes ago, atyclb said:

 

 

shucks i have no imagination

 

so why is the situation in venezuela under socialism so dire?

You need to start a thread on that.

 

It is not the subject under discussion here.

[manarak]

On 8/17/2018 at 2:44 PM, rickudon said:

Pay equality in the UK is little better than the USA. Last year median pay of CEO's increased by 11%, that for all workers by 1.7%. Between 2000 and 2014, pay of CEO's rose 6 times faster than their employees. This disgraceful increase in inequality took place while most workers saw pay increases below the inflation rate in the UK. And the productivity in the UK has hardly been impressive, the rich just keep increasing their cut.

 

Change is coming in the UK. And those at the top will not like it. Or the big companies.

 

don't make the mistake to think pay equality is a good thing by principle.

it's rather about finding the "right" level of pay inequality.

 

the problem we currently have is that the top is earning too much and the working bottom not enough.

 

but a closer look at the middle class and upper middle class/  lower upper class shows that people who should earn two or three times the income of base level staff are just earning 30 or 50% more in net after tax income.

 

there lies the problem. the boss levels have pushed down the income of middle managers, executive level employees, engineers, etc.

 

there isn't enough income inequality for society to generate more service jobs.

Edited August 18, 2018 by manarak